| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,195 TIME(S)
BUSINESS REFERENCE : N2762L / RightBiz NEWSAGENT WITH FLAT FOR SALE IN BUSY NORTH LONDON HIGH STREET | | | | | | NEWSAGENT/GREETING CARDS + 2-BED FLAT - N. LONDON HIGH ST. | | | BUSINESS LOCATION: | City of London London UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £58950 | ANNUAL RENT: | £18000 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION: Well positioned on busy north London high street with excellent passing trade and is close to major multiple stores. Lots of bus routes pass.
DESCRIPTION: Mid-parade premises is arranged on ground floor and basement levels and there is self contained living accommodation on two floors above. The gross frontage is 16’-6” wide and is secured by roller shutters. Internally the 460 sq ft ground floor sales section is bright and attractive with panelled walls, mounted fluorescent lighting. A stairway at the rear descends to a 510 sq ft basement with 3 store rooms, plus a toilet, and the basement has an exit door out to a small walled garden at the back.
EQUIPMENT: The premises is fully fitted and equipped for present use.
BUSINESS: Is run by husband and wife team and in same hands since 1991. We are informed is taking £5,500 per week with a gross profit margin of 30%. Plus £400 per week from Payzone and £600 per week from E top-up. In addition, there is £10,000 per annum rental income from letting flat above.
HOURS: Mon-Sun 7.00 am to 7.00 pm.
ACCOMM: Separate front entrance. Central Heating.
First Floor: - Living room; kitchen/breakfast room; toilet.
Second Floor:-Double bedroom; single bedroom; bathroom/toilet.
TENURE: Lease commenced in December 1998 for a term of 10 years and the current rent is £18,000 per annum with reviews every 5 years. Our client informs us there is a new lease available.
RATES: Business rates payable are approx £3,400 per annum.
STOCK: Approx £15,000. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | ABACUS BUSINESS SALES | | CONTACT: | 020 8144 7999 | | REFERENCE: | N2762L / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
